De Beers rough diamond sales declined by 40%, from $6 billion in 2022 to $3.6 billion in 2023, as competitive pressure from lower-cost lab-grown diamonds increased.

Diamond giant De Beers slashed the price of its precious solitaires amid plunging sales as bargain-hunting fiancées increasingly opt for cheaper lab-grown gems. Among De Beers’ larger stones,… ...

FilmMagic She polishes up real nice. Taylor Swift has a sparkling new accessory that she can’t get enough of: a pair of dangling diamond earrings by De Beers worth a whopping $36,000.

De Beers slashed the price of its lab grown diamond brand, Lightbox, to $500 per carat from $800. Robert – stock.adobe.com For many years, De Beers had fought the trend towards LGDs, disparaging ...

The diamond mining and marketing company, De Beers, which owns Lightbox, said the price reduction for Lightbox’s lab-grown diamonds follows months of testing lower prices and researching the lab ...

The Botswana government and De Beers said they had agreed on a 10-year sales deal for Debswana's rough diamond production through to 2033, and on a 25-year Debswana mining licence valid until 2054.

De Beers has accumulated the biggest stockpile of diamonds since 2008, the Financial Times reported. Weak demand and rising competition from lab-grown products are weighing on the diamond titan.